Answers

We just went through this process for the first time. Since we were above 120 employees, we had to have an audit done by an outside firm. Once we received the audit, there were an number of non-compliance issues and payments required. As a result of this audit, we hired an ERISA attorney to guide us through the compliance issue and properly setup a committee to oversee compliance.

Business Exchange

Contribute to Community

If you’re interested in learning more about contributing to your Proformative community, we have many ways for you to get involved. Please email content@proformative.com to learn more about becoming a speaker or contributing to the blogs/Q&A Forum.